Dexia became the first victim of the euro zone debt crisis when it was rescued last year by Belgium, France and Luxembourg as its strategy of borrowing in short-term markets to finance lending over the long term came unstuck.

It is in the process of selling off its businesses. On Friday Dexia said it had completed the sale of its Luxembourg arm to Qatar's Precision Capital and the Luxembourg state, and would likely suffer a loss of 199 million euros ($258.8 million) as a result.